1 live product
Great Southern Bank
Best match at selected term
4.75%p.a.
Standard Rate Term Deposit 1-12 months
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Finding the best rates…
Term Deposits Comparison
Bank One
Great Southern Bank
Best available
Up to 4.75% p.a.
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1 live product
VS
Great Southern Bank vs Westpac
Compare Great Southern Bank and Westpac term deposits in March 2026. Great Southern Bank offers rates up to 4.75% p.a. across 12 term lengths, while Westpac reaches 3.55% p.a. across 17 terms.
Tune The Comparison
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VS
1 live product
Westpac
Best match at selected term
3.55%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Live edge
Great Southern Bank currently pays 1.20% more at 12 months, worth about $120 extra on $10,000.
1.20% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Great Southern Bank | Westpac |
|---|---|---|
| Rate at selected term | 4.75% | 3.55% |
| Best headline rate | 4.75% | 3.55% |
| Minimum deposit | $5,000 | $5,000 |
| Interest payment | maturity | maturity |
| Terms available | 12 | 39 |
All Great Southern Bank Products
Every tracked term deposits option from Great Southern Bank.
All Westpac Products
Every tracked term deposits option from Westpac.
Great Southern Bank's best term deposit rate is 4.75% p.a. across 12 variants, while Westpac offers up to 3.55% p.a. across 39 variants. Great Southern Bank pays 1.20% more, earning you an extra $600 on a $50,000 deposit over 12 months.
Great Southern Bank offers terms of 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, while Westpac covers 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 1.9166666666666667 years, 2.9166666666666665 years, 3.9166666666666665 years, 4.916666666666667 years, 5 years.
Quick Comparison
| Feature | Great Southern Bank | Westpac |
|---|---|---|
| Best Rate | 4.75% | 3.55% |
| Min Deposit | $5,000 | $5,000 |
| Terms Available | 12 | 17 |
Common Questions
Great Southern Bank vs Westpac FAQs
Which bank has the better term deposit rate, Great Southern Bank or Westpac?
Great Southern Bank currently offers the higher rate at 4.75% p.a. Compare specific terms and deposit amounts for the most accurate comparison.
What term deposit rates does Great Southern Bank offer in 2026?
Great Southern Bank's best term deposit rate is 4.75% p.a. They offer 12 different term lengths.
What term deposit rates does Westpac offer in 2026?
Westpac's best term deposit rate is 3.55% p.a. They offer 17 different term lengths.
How much more interest can I earn with Great Southern Bank on a $50,000 term deposit?
At current rates, Great Southern Bank pays approximately $600 more per year on a $50,000 deposit, based on their 1.20% rate advantage.